Don't Ignore the Greek Problem

The ECB has put off a euro-zone crisis by printing bailout and bond money as fast as it can.The final cost: higher interest rates and tanking bonds.

Have you read anywhere that the Greeks will soon be requesting a third bailout? Probably not. Thus far this summer, the euro-zone leaders and the European Central Bank have successfully papered over the real problems in the south of Europe.

If only denial, smoke, and mirrors could solve the euro-zone crisis. The euro wasn't a bad idea, but the euro zone should have been limited to those countries that can make it without bailouts. That list probably does not include Greece, Ireland, Portugal, Spain, Italy, and Cyprus....